The Top Easy Access Savings Discussion Area

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My Charter is Issue 28 and I received the 3% email

ForumUser7

Bridlington1 said:

ircE said:

Are there any banks/building societies, or indeed specific accounts within an institution, worth opening now because of their loyalty rates?

I'm coming up to 12 months as a Yorkshire BS and Coventry BS member, and from recent discussions here I'm minded to open a Newbury BS Welcome account with a £1. Just wondering if there are any others?

• Market Harborough BS did a regular saver for members who had held an account for however many months. 
• Mansfield BS has a few products open to those with accounts for the last year. 
• Darlington has regular savers open to existing members/those who live in certain postcodes only. 
• Cambridge did a 5% regular saver during lockdown if I'm not mistaken for members with 5 years continuous membership, with lower paying ones for those with 1 and 3 year's membership (I think 1 & 3% respectively)
• Saffron has a members regular saver (1 year's membership)
• Cynergy sometimes limits their savings accounts to existing members only
• Aldermore ditto
• All barring one of Bath BS's savings accounts are open to those who live, work or study in Bath or have been a member for at least the last 12 months. The exception being the Homestart  regular saver.

Opening a Monmouthshire easy saver will save you a lot of time if they launch anything competative later on.

There will be others but these are the only ones I can think of off the top of my head.

How do you get a foot in with MHBS if you don't want an ISA, fixed rate bond, or notice account? To me, it seems given I'm 18 in a few months the best thing to do would be to open Kickstarter, but I can't get to branch. I'm surprised their website doesn't seem to offer an easy access for new members which isn't an ISA other than the kickstarter for under 18s and branch opening only.

ircE

Bridlington1 said:

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happybagger said:

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Thank you both so much! Exactly what I was looking for. Feel free to mention more if more occur to you...

Bridlington1

ForumUser7 said:

Bridlington1 said:

ircE said:

Are there any banks/building societies, or indeed specific accounts within an institution, worth opening now because of their loyalty rates?

I'm coming up to 12 months as a Yorkshire BS and Coventry BS member, and from recent discussions here I'm minded to open a Newbury BS Welcome account with a £1. Just wondering if there are any others?

• Market Harborough BS did a regular saver for members who had held an account for however many months. 
• Mansfield BS has a few products open to those with accounts for the last year. 
• Darlington has regular savers open to existing members/those who live in certain postcodes only. 
• Cambridge did a 5% regular saver during lockdown if I'm not mistaken for members with 5 years continuous membership, with lower paying ones for those with 1 and 3 year's membership (I think 1 & 3% respectively)
• Saffron has a members regular saver (1 year's membership)
• Cynergy sometimes limits their savings accounts to existing members only
• Aldermore ditto
• All barring one of Bath BS's savings accounts are open to those who live, work or study in Bath or have been a member for at least the last 12 months. The exception being the Homestart  regular saver.

Opening a Monmouthshire easy saver will save you a lot of time if they launch anything competative later on.

There will be others but these are the only ones I can think of off the top of my head.

How do you get a foot in with MHBS if you don't want an ISA, fixed rate bond, or notice account? To me, it seems given I'm 18 in a few months the best thing to do would be to open Kickstarter, but I can't get to branch. I'm surprised their website doesn't seem to offer an easy access for new members which isn't an ISA other than the kickstarter for under 18s and branch opening only.

Keep stalking their website. Back in September I think it was, they had an easy access account open to all with a minimum balance of £1, which I pounced on. I imagine they'll launch something similar in the future.

As an aside, since you are under the age of 21, it may be worth opening a YBS one day account to get a foot hold in YBS (will rise to 3.3% from 17/1/23) if you haven't already. I'll be opening one of these myself in the next week or two for my Coventry money to move in to. If you're happy to manage the account in branch or by post it will be hard to beat from next week.

ForumUser7

Bridlington1 said:

ForumUser7 said:

Bridlington1 said:

ircE said:

Are there any banks/building societies, or indeed specific accounts within an institution, worth opening now because of their loyalty rates?

I'm coming up to 12 months as a Yorkshire BS and Coventry BS member, and from recent discussions here I'm minded to open a Newbury BS Welcome account with a £1. Just wondering if there are any others?

• Market Harborough BS did a regular saver for members who had held an account for however many months. 
• Mansfield BS has a few products open to those with accounts for the last year. 
• Darlington has regular savers open to existing members/those who live in certain postcodes only. 
• Cambridge did a 5% regular saver during lockdown if I'm not mistaken for members with 5 years continuous membership, with lower paying ones for those with 1 and 3 year's membership (I think 1 & 3% respectively)
• Saffron has a members regular saver (1 year's membership)
• Cynergy sometimes limits their savings accounts to existing members only
• Aldermore ditto
• All barring one of Bath BS's savings accounts are open to those who live, work or study in Bath or have been a member for at least the last 12 months. The exception being the Homestart  regular saver.

Opening a Monmouthshire easy saver will save you a lot of time if they launch anything competative later on.

There will be others but these are the only ones I can think of off the top of my head.

How do you get a foot in with MHBS if you don't want an ISA, fixed rate bond, or notice account? To me, it seems given I'm 18 in a few months the best thing to do would be to open Kickstarter, but I can't get to branch. I'm surprised their website doesn't seem to offer an easy access for new members which isn't an ISA other than the kickstarter for under 18s and branch opening only.

Keep stalking their website. Back in September I think it was, they had an easy access account open to all with a minimum balance of £1, which I pounced on. I imagine they'll launch something similar in the future.

As an aside, since you are under the age of 21, it may be worth opening a YBS one day account to get a foot hold in YBS (will rise to 3.3% from 17/1/23) if you haven't already. I'll be opening one of these myself in the next week or two for my Coventry money to move in to. If you're happy to manage the account in branch or by post it will be hard to beat from next week.

Save and support I think was that account. I contacted them today, and the lady is going to get back to me tomorrow as she believed it was still available so we were both surprised that it wasn't on the website as a product, but was in the current product rates as opposed to withdrawn product rates. She did mention that it is 18+ though, so we decided probably best to wait till I'm 18 and then opening it.

Re YBS - I did have a look at that one, and it did seem pretty good, but I wouldn't keep much in it with it being post/branch only. My nearest branch is approx 20 miles away, and the post will soon be unreliable again, so I decided to stick with the 3 YBS accounts I currently have, giving me a foothold for any loyalty products.

I only really started caring about interest rates etc. early last year, so this year will be the year of loyalty rates for me 🤞🏼

Grouchy

Charter Savings - apologies another question.  Having set up their EA account without problem, stipulated in their confirmation, 'The initial deposit will be will be rejected ... if it doesn't meet the minimum balance requirements".  So that would be a £5000 minimum first deposit.  Quite clear.  However, I usually do a test transfer when opening a new account, is it possible with this account to say transfer £10 first?

Thanks

Bridlington1

ForumUser7 said:

Bridlington1 said:

ForumUser7 said:

Bridlington1 said:

ircE said:

Are there any banks/building societies, or indeed specific accounts within an institution, worth opening now because of their loyalty rates?

I'm coming up to 12 months as a Yorkshire BS and Coventry BS member, and from recent discussions here I'm minded to open a Newbury BS Welcome account with a £1. Just wondering if there are any others?

• Market Harborough BS did a regular saver for members who had held an account for however many months. 
• Mansfield BS has a few products open to those with accounts for the last year. 
• Darlington has regular savers open to existing members/those who live in certain postcodes only. 
• Cambridge did a 5% regular saver during lockdown if I'm not mistaken for members with 5 years continuous membership, with lower paying ones for those with 1 and 3 year's membership (I think 1 & 3% respectively)
• Saffron has a members regular saver (1 year's membership)
• Cynergy sometimes limits their savings accounts to existing members only
• Aldermore ditto
• All barring one of Bath BS's savings accounts are open to those who live, work or study in Bath or have been a member for at least the last 12 months. The exception being the Homestart  regular saver.

Opening a Monmouthshire easy saver will save you a lot of time if they launch anything competative later on.

There will be others but these are the only ones I can think of off the top of my head.

How do you get a foot in with MHBS if you don't want an ISA, fixed rate bond, or notice account? To me, it seems given I'm 18 in a few months the best thing to do would be to open Kickstarter, but I can't get to branch. I'm surprised their website doesn't seem to offer an easy access for new members which isn't an ISA other than the kickstarter for under 18s and branch opening only.

Keep stalking their website. Back in September I think it was, they had an easy access account open to all with a minimum balance of £1, which I pounced on. I imagine they'll launch something similar in the future.

As an aside, since you are under the age of 21, it may be worth opening a YBS one day account to get a foot hold in YBS (will rise to 3.3% from 17/1/23) if you haven't already. I'll be opening one of these myself in the next week or two for my Coventry money to move in to. If you're happy to manage the account in branch or by post it will be hard to beat from next week.

Save and support I think was that account. I contacted them today, and the lady is going to get back to me tomorrow as she believed it was still available so we were both surprised that it wasn't on the website as a product, but was in the current product rates as opposed to withdrawn product rates. She did mention that it is 18+ though, so we decided probably best to wait till I'm 18 and then opening it.

Re YBS - I did have a look at that one, and it did seem pretty good, but I wouldn't keep much in it with it being post/branch only. My nearest branch is approx 20 miles away, and the post will soon be unreliable again, so I decided to stick with the 3 YBS accounts I currently have, giving me a foothold for any loyalty products.

I only really started caring about interest rates etc. early last year, so this year will be the year of loyalty rates for me 🤞🏼

That's the one, currently showing as 1.3%. Opened in early October 2022. I'm in a similar position to you regarding loyalty accounts in that I've been opening god knows how many accounts over the past year, they seem to be breeding like rabbits. I'm now a member of over 40% of Britain's building societies as a result, so 2023 should hopefully be a good year for my savings. 

Pompeydave1967

Grouchy said:

Charter Savings - apologies another question.  Having set up their EA account without problem, stipulated in their confirmation, 'The initial deposit will be will be rejected ... if it doesn't meet the minimum balance requirements".  So that would be a £5000 minimum first deposit.  Quite clear.  However, I usually do a test transfer when opening a new account, is it possible with this account to say transfer £10 first?

Thanks

I think it will bounce back like mine did a few months ago with them . I also like to send a tester but on that occasion didn’t work.

mebu60

Pompeydave1967 said:

Grouchy said:

Charter Savings - apologies another question.  Having set up their EA account without problem, stipulated in their confirmation, 'The initial deposit will be will be rejected ... if it doesn't meet the minimum balance requirements".  So that would be a £5000 minimum first deposit.  Quite clear.  However, I usually do a test transfer when opening a new account, is it possible with this account to say transfer £10 first?

Thanks

I think it will bounce back like mine did a few months ago with them . I also like to send a tester but on that occasion didn’t work.

I believe the theory is that the bounceback proves you had the correct details to then process the £5k. 
Or do the £5k very very carefully and not on a Friday which may require a nervous wait over the weekend! 

jak22

These 3% will be handy for any that have already funded Coventry, but also have some funds in Santander, Atom, Chase, Shawbrook, Marcus, Ford, or even Zopa not in a boosted pot, - in other words the long list of accounts that once in a while jump to the top and get pages of posts here with people making efforts to sign up - only to then see the account fall behind after just a couple of months .